Mike Bottom

Description

Opportunity to acquire a residential development site that has passed third reading in the City of New Westminster. Final buildout will have 4 townhouses and 25 condos that are 2bedrooms and 3 bedrooms. 29 Total units. Wood frame 5 storey development site. Site is now vacant with demolition completed. Excellent location only minutes to High Gate area. Walking distance to parks, elementary and high school and two blocks away from private school. Fast growing area with many young families moving in. Clean site with Certificate of Compliance. Gross Buildable: 29,305SF. Finished condo prices in New Westminster are now over $700/SF on average.

Taxes (2020): $30,335.00